Ali - One day in 1983 I invested $1500 in Intel in my IRA. Would you care to guess what that is worth today? By the way, since then I have recently (three years ago) invested a modest amount more, also in the IRA. Just think how much better off I would have been if I had invested in AMD :) So I suspect that my coffin expenses are provided for. And then some. But you never know. Just in case, I also have some life insurance.
I stated my biases pretty openly. Nobody knows precisely what will happen in the future, but I have looked at the objective facts and formed my subjective opinion. I am sure that you have done the same and formed your subjective opinion.
As to buybacks, I would guess that GE, Intel, Cisco, Microsoft, AOL and IBM are probably the most analyzed companies on the planet. I believe that each of these companies uses buybacks extensively. Could you kindly point me to a website explaining why Intel's use of buybacks is either illegal, results in erroneous profit reporting or is extensively different in nature from the other companies mentioned above. If it is indeed true that their profits are truly miniscule, all the analysis of Intel is tragically wrong and the analysts are all, every last one of them, fools. And they have been fools for a long, long time. So I would love to read and form my own opinion on the buyback scandal. Looking forward to seeing the URL.
Best regards and thanks for your response. Food for thought.
Burt |
